The UK Secretary of State for Business, Energy and Industrial Strategy (BEIS) has refused Vattenfall’s development consent order (DCO) application for the Thanet Extension offshore wind project. The conclusion behind the decision is that Vattenfall failed to demonstrate sufficient mitigation of ris
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.
French container shipping major CMA CGM is joining Maersk in committing to an industry goal of becoming carbon neutral by 2050. Speaking at the UN Global Compact on June 2, Rodolphe Saadé, the company’s CEO, announced CMA CGM’s plans of switching 10 % of its energy supply to alternative fuels by 202
Ferry shipping company Stena Line has cut its total CO2 emissions by 1.7 %, corresponding to 24,000 tonnes of CO2 in total, the company said in its sustainability report for 2019. The report further indicates that ferry owners and operator managed to reduce its CO2 emissions per transported ton frei
Bouygues Construction, Saipem and Boskalis will supply and install the wind turbine foundations for the Fécamp offshore wind farm under a € 552 million contract with the project developer. The contract value is divided between each of the three contractors according to to their share of work scope:
Prosafe has gained support to an extension to the forbearance arrangement with a majority of its lenders until the end of June while working to agree on a long-term financial solution.
The European Commission has approved a €600 million (about $671 million) Finnish guarantee scheme to support the maritime companies in the context of the coronavirus outbreak.
Siemens Gamesa has selected a consortium led by GTM Normandie-Centre for the construction of its offshore wind turbine plant in Le Havre, France. The 20-hectare factory, to be built on the Quai Joannès Couvert in the Port of Le Havre, will be the first in the world to manufacture all main offshore w
EDF Group and China Energy Investment Corporation (CEI) have signed the final joint venture agreements for offshore wind projects in China. The two parties reached financial closing and the new company is now building and operating 502 MW of offshore wind projects off the coasts of Jiangsu Province,
Norwegian offshore vessel provider Solstad Offshore has picked a new chief financial officer (CFO).
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks.
The UK Secretary of State for Business, Energy and Industrial Strategy (BEIS) has postponed the statutory deadline for the Hornsea Project Three development consent order (DCO) application to 1 July. As reported, the DCO decision was supposed to be announced on 1 June for the Hornsea Project Three,
Shares of South Korean shipbuilders surged on Tuesday following a landmark deal for Qatari liquefied natural gas carriers. LNG producing giant Qatar Petroleum said on Monday it signed deals with South Korea’s biggest three shipbuilders to secure more than 100 vessels worth about $19.2 billion. This
The consortium comprising EDF Renewables, Enbridge, and wpd has launched the construction of the Fécamp offshore wind farm in France, following the finalisation of agreements with its financial partners. French transmission system operator RTE will start onshore construction works this month. RTE is
